All articles by Julie Henderson – Page 45
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News
Smiths Group sees improved pensions surplus
[15:00 CEST 26-09] UK – Smith Group, a specialist supplier of detection equipment for airport security, has more than doubled its funded pension schemes surpluses and pulled increased the value of its UK fund to almost £3bn (€4.5bn).
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Buyout 'confederation' attacked by Pensions Regulator
[14:00 CEST 26-09] UK – The Pensions Regulator has criticised officials of a new defined benefit pensions buyout operation for suggesting the occupational pensions watchdog endorses its new operation and for making misleading statements about the regulatory status of schemes using its offering.
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Series of new ETFs enter the market
[16:30 CEST 25-09] GLOBAL – Exchanges-traded funds providers ETF Securities and Lyxor have unveiled additions to their London-listed futures offerings, covering the commodities and Japanese markets.
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Northern Rock faces class action scrutiny
[16:00 CEST 25-09] UK – FTSE 100-listed company Northern Rock could yet be the subject of a shareholder class action suit over the management’s reactions to its financing position in the August credit crunch.
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Glitnir signs up to SuperDerivatives
[16:45 CEST 24-09] EUROPE – Scandinavian asset management and banking group Glitnir is adopting the SuperDerivatives multi-asset derivatives pricing and analytics platform to all of its foreign exchange currency and equity options.
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Royal Mail hits back at pensions strike action
[16:15 CEST 24-09] UK – Royal Mail has criticised plans by its staff to strike over the future of the company pension fund and other employment terms.
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Pension funds gain access to deficit insurance
[15:30 CEST 24-09] UK – A company is set to launch in the UK which offers defined benefit pension schemes a form of insurance to cover their pension deficits.
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Sainsbury’s trustees set for Delta Two talks
[13:30 CEST 24-09] UK – Trustees of the J Sainsbury pension scheme are expected to meet executives of Delta Two this week, in the hope of reaching an agreement concerning the potential takeover of the supermarket chain.
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Pension funds feel confidence blow on ratings
[16:30 CEST 21-09] GLOBAL - Market developments on the back of the credit crunch have shaken pension funds and institutional investors’ confidence in credit ratings agencies, suggests a study by US consultancy Greenwich Associates.
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Capita buys Aspen's consultancy services
[12:00 CEST 21-09] UK – Pensions administration group Capita is expanding its position further into the consultancy space with the purchase of actuarial consultants Aspen for an undisclosed sum.
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Northern Trust secures Italian tax concession
[16:15 CEST 17-09] ITALY - Global custody and investment house Northern Trust has been granted a landmark Italian withholding tax ruling which will see one of its multinational clients’ funds pay lower dividends on equities.
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Avon and North Yorks file GSK class action
[13:15 CEST 14-09] UK – Avon and North Yorkshire county council pension funds are filing legal papers in the US to lead a class action suit against GlaxoSmithKline for allegedly misleading the stock market about the safety of one of its drugs.
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Market changed public pensions' strategies - Fidelity
[11:00 CEST 13-09] UK- Recent stock market turbulence may have persuaded local authority pension funds to shift more asset allocation into alternatives, suggests a survey by Fidelity International.
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Trustees must interpret a Type A event - TPR
UK – Pension fund trustees need to be less restrictive in their interpretation of what could constitutes a Type A corporate event on a pension scheme’s funding, suggests ‘clearance’ guidance issued by The Pensions Regulator (TPR).
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Lothian pension tenders its real estate
[16:00 CEST 10-09] UK – Lothian pension fund is reviewing its real estate investment manager and searching for a firm to handle the fund’s asset allocation.
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Bonds are "now priced fairly" to funding - Aon
UK – Pension funds should see improved funding levels under international accounting rules because corporate bonds are now being priced realistically on the back of recent turbulence, according to investment consulting experts.
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SLI increases assets by 20% in six months
[16:30 CEST 04-09] UK – Standard Life Investments (SLI) has increased its assets under management by a fifth in the first half of this year to over £46bn, according to the life insurer group’s latest figures.
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Equity weightings drop to new pensions low
[16:45 CEST 31-08] UK – Balanced pension funds reached a new low in UK equity weighting in July as managers sought to move money out of listed stocks, the latest figures from CAPS indicate.
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Turmoil created short-term pensions surpluses - Aon
[16:30 CEST 31-08] UK – Pension funding for the UK’s largest 200 listed companies is actually in a better position than the previous month despite recent market turbulence, figures from Aon Consulting reveal.
